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Aircraft Insurance Outlook – July 2023

Posted By Benjamin Peterson

Published July 12, 2023

More Aviation Underwriters Inbound!

The pool of aviation insurance companies continues to grow, especially for the mid to light aircraft market. Below are some blog updates I did that should help some of your clients navigate through the owner flown insurance market. Pro Pilots continue to be an easy sell.

Other Blog Posts based on Hot Topics for Aviation Insurance:

Advice: The best way forward is to maintain a close relationship with your aviation insurance broker and underwriters.

MakeModelType of PilotHull ValuePremium
CitationCJ3+Single Pro Pilot; Quota Share 50/50%$9,300,000$43,000
CitationCJ3Pro Pilot; 100% one insurance company$5,500,000$32,000
CitationCJ1Pro Pilot Experienced; hull value underinsured but that’s what the owner wanted$2,000,000$17,000
PilatusPC-12Four Owner Pilots 70+ years old; fractional; 6 Named Pilots, Previous Claim; a lot going on$3,500,000$51,000
PilatusPC-12Single Owner Pilot 73 Years Old$2,700,000$40,000
BeechcraftPremier Owner Pilot Experienced; 70 Years Old$2,000,000$24,000
DaherTBM 960Owner Pilot Experienced$5,000,000$48,000
PiperMeridianTwo Owner Pilots with 1,300TT and 0MM$1,350,000$26,000
PiperM600Owner Pilot Experienced$3,260,00032,000
DiamondDA62Owner Pilot with 600TT and 0MM$1,400,000$22,000
DiamondDA62Owner Pilot Airline Pilot$1,560,000$21,000
CessnaT182Owner Pilot Experienced$857,00012,000
Bell505Two Brand New Private Owner Pilots; Ranch and Cattle Operations$1,850,000$186,500
Bell 505Owner Pilot with 700TT and 200MM$1,900,000$55,000
Bell505Pro Pilot$1,450,000$35,000
AirbusH125Owner Pilot Very Experienced$1,600,000$37,000

Ben Peterson is a 15 year aviation insurance services professional, Commercial Pilot and Flight Instructor with over 1,000 hours instruction given, and former Cirrus Factory Instructor Pilot

Benjamin Peterson

Graduated from the University of North Dakota with a degree in Commercial Aviation as a Pilot and Flight Instructor. My first professional job was working for Cirrus Aircraft as an instructor.

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